Deals of the Hour

Trying to find out what's the deal with the world, tracking what's on sale and who's talking about it on Twitter. Update hourly.

Deals of the Hour / October 6, 2010, 1:40 am

Indian gold rush in Commonwealth Games, but problems persist

NEW DELHI (Reuters) - India flexed its sporting muscles to shoot up the medals table with five golds at the Commonwealth Games on Tuesday but organizational niggles continued to bedevil the event on the second day of competition. A bomb scare in the ... (Source: Reuters 2010-10-05T17:01:49Z)

Justice Department sues Visa, Mastercard

The U.S Attorney General is accusing them of holding consumers hostage. That is why the Justice Department sued Visa, Mastercard and American Express. It says the companies are eliminating competition by not allowing merchants to offer discounts on other ... (Source: msnbc.com 2010-10-05T02:14:11Z)

Facebook Friends for Sale as Advertisers Seek Clicking Cliques

There were two obvious winners at the FIFA World Cup this summer. Spain took home the 13-pound, 18-karat-gold trophy for its achievement on the field. Nike Inc. won the branding championship, thanks largely to a three-minute commercial called "Write the ... (Source: Bloomberg 2010-09-23T15:00:02Z)

What the Justice Department's Credit Card Suit Means for You

If you're a little confused about how or if your life will change thanks to the Justice Department's payment card announcement on Monday, you're not alone. So let's review what we know and engage in some mild speculation. The government ... (Source: New York Times Blogs 2010-10-06T06:37:51Z)

Giants set rotation for first three games against Braves; where's Barry Zito

SAN FRANCISCO -- Giants manager Bruce Bochy set his rotation for the first three games of what should be a pitching-dominated NL Division Series against the Atlanta Braves. He'll send Tim Lincecum on Thursday against Derek Lowe, Matt Cain on Friday against ... (Source: Sacramento Bee 2010-10-06T08:03:45Z)

Egypt exchange halts trading in Orascom Telecom on reports about possible deal with VimpelCom

CAIRO (AP) — Trading in mobile phone service provider Orascom Telecom's shares was halted on the Egyptian stock exchange Monday as the bourse sought clarification about reports of a possible deal with Russia's VimpelCom Ltd. Media reports indicated that ... (Source: Los Angeles Times 2010-10-04T13:56:53Z)

Why Are so Many Business Executives Seeking Public Office?

Should Any of Them Be Trusted? In the new, and enormously overblown, era of "anti-incumbent" sentiment in the arena of politics, should we trust the surge of business executives that are seeking public office? Business leaders have always made in-roads ... (Source: Associated Content 2010-10-05T23:42:41Z)

Liverpool agrees on sale to Boston Red Sox owners

LONDON (AP) — English Premier League club Liverpool says it has agreed to sell the club to the owners of the Boston Red Sox, pending settlement of a board dispute. Club chairman Martin Broughton announced the sale Wednesday on the Liverpool Football Club ... (Source: USA Today 2010-10-06T07:27:58Z)

India Secures Delhi for Commonwealth Games Ceremony

(Updates with ticket sales in second paragraph.) Oct. 3 (Bloomberg) -- India deployed thousands of security personnel in New Delhi for today's opening ceremony of the Commonwealth Games as the country hosts its biggest sporting event in almost three ... (Source: BusinessWeek 2010-10-03T10:01:51Z)

South Korea golden at World Cyber Games

LOS ANGELES (AP) — South Korea retained the title of grand champion for the third straight year at the Olympics of the video game world. Four gold medals were awarded to South Korean gamers Sunday at the 10th annual World Cyber Games Grand Final, a four ... (Source: The Chronicle Herald 2010-10-05T09:02:12Z)

Televisa Invests $1.2 Billion for a Stake in Univision

Univision, the leading Spanish-language television network in the United States, will retain the rights to popular telenovelas produced by the Mexican television giant Grupo Televisa for another 15 years. In a deal announced Tuesday, Televisa will invest $ ... (Source: New York Times 2010-10-06T01:58:41Z)

World Cyber Games Completes 10th Annual Grand Final in Los Angeles

LOS ANGELES, Oct 04, 2010 /PRNewswire via COMTEX/ -- The World Cyber Games (WCG) 2010 Grand Final came to a close at the Los Angeles Convention Center in California last night. This year marks the tenth anniversary of the World Cyber Games, the world's ... (Source: TMCnet 2010-10-04T19:11:51Z)

Good chance Giants keep Zito off postseason roster

SAN FRANCISCO -- Giants manager Bruce Bochy set his rotation for the first three games of what should be a pitching-dominated NL Division Series against the Atlanta Braves. He'll send Tim Lincecum on Thursday against Derek Lowe, Matt Cain on Friday against ... (Source: Santa Cruz Sentinel 2010-10-06T08:32:23Z)

UPDATE 3-Greece sets ambitious 2011 austerity budget goals

ATHENS, Oct 4 (Reuters) - Greece on Monday pledged to cut next year's budget deficit faster than agreed in a 110 billion euro IMF/EU bailout deal, vowing another year of tough austerity to exit a debt crisis. The 2011 budget draft submitted to parliament ... (Source: Reuters 2010-10-04T15:29:56Z)

South Korea dominates World Cyber Games

South Korea retained the title of grand champion for the third straight year at the Olympics of the video game world. Four gold medals were awarded to South Korean gamers Sunday at the 10th annual World Cyber Games Grand Final, a four-day contest at the ... (Source: AP - msnbc.com 2010-10-04T12:45:18Z)

Empty seats plague Commonwealth Games in India

NEW DELHI -- Seas of empty seats in stadiums and arenas. Scales that gave the wrong readings for boxers at their weigh-ins. And then the royal flub: an official who identified Prince Charles as "Prince Diana." The first few days of competition at the ... (Source: Forbes 2010-10-05T20:43:43Z)

SocialShield Raises $10 Million in Series A Led by Venrock and USVP Funding to Accelerate

SAN BRUNO, CA -- (Marketwire) -- 10/05/10 -- SocialShield : , a cloud-based service that allows parents to monitor their kids' use of the social networks Facebook, MySpace and Twitter, today announced $10 million in Series A financing led by Venrock, U.S ... (Source: PR Inside 2010-10-05T14:31:29Z)

Greece's austere 2011 budget to target 7.0 percent gap

ATHENS (Reuters) - Greece is due to unveil on Monday a 2011 draft budget aimed at cutting its deficit below a 7.6 percent-of-GDP target agreed in a bailout deal with the International Monetary Fund and its euro zone peers. More austerity is expected as the ... (Source: Reuters UK 2010-10-04T11:19:24Z)

AIG appoints new Taiwan chief after failed sale

TAIPEI Oct 1 (Reuters) - AIG ( AIG.N ) named a new acting head for its Taiwan unit Nan Shan Life on Friday, as it looks to decide whether to sell the unit again following the collapse of an earlier $2.2 billion deal. American International Group (AIG ... (Source: Reuters 2010-10-01T07:26:44Z)

Egypt exchange halts trading in Orascom Telecom

Trading in mobile phone service provider Orascom Telecom's shares was halted on the Egyptian stock exchange Monday as the bourse sought clarification about reports of a possible deal with Russia's VimpelCom Ltd. Media reports indicated that VimpelCom could ... (Source: AP - msnbc.com 2010-10-04T16:48:41Z)

Liverpool Agrees Sale of Soccer Club to Boston Red Sox Owner

Oct. 6 (Bloomberg) -- Liverpool said it agreed a sale to New England Sports Ventures, owner of the Boston Red Sox, signaling the end of Tom Hicks and George Gillett's three-year ownership of England's most successful soccer club. Liverpool's board ... (Source: BusinessWeek 2010-10-06T06:52:10Z)

Defense chiefs from the US and China to meet next week amid a thaw in relations

BEIJING — China's defense minister will meet his U.S. counterpart at an international gathering in Vietnam next week as the two nations move to end an eight-month freeze on military exchanges, state media said Wednesday. Gen. Liang Guanglie will meet ... (Source: San Francisco Examiner 2010-10-06T07:42:17Z)

U.S. sues American Express, reaches proposed deal with Visa, Mastercard

WASHINGTON -- The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa. "We want to put more money in consumers' pockets, and by ... (Source: San Jose Mercury News 2010-10-04T18:43:13Z)

UPDATE 1-Greece's austere 2011 budget to target 7.0 pct gap

ATHENS, Oct 4 (Reuters) - Greece is due to unveil on Monday a 2011 draft budget aimed at cutting its deficit below a 7.6 percent-of-GDP target agreed in a bailout deal with the International Monetary Fund and its euro zone peers. More austerity is expected ... (Source: Reuters 2010-10-04T11:12:15Z)

Mexico's Televisa Shares Sharply Higher On Univision Deal

MEXICO CITY (Dow Jones)--Shares of Mexican media conglomerate Grupo Televisa (TV, TLEVISA.MX) opened sharply higher Tuesday after the company unveiled plans to take a stake in U.S. Spanish-language broadcaster Univision Communications Inc. (UVN), while ... (Source: Wall Street Journal 2010-10-05T14:02:51Z)

S&P places Univision ratings on CreditWatch positive after $1.2B Grupo Televisa investment

NEW YORK — Standard & Poor's Ratings Services on Monday placed its ratings for Univision Communications Inc. on CreditWatch with positive implications, citing a $1.2 billion deal that gives Mexican media giant Grupo Televisa SAB a minority stake in the ... (Source: Washington Examiner 2010-10-05T23:57:00Z)

Liverpool, Red Sox owners agree to sale

LONDON -- English Premier League club Liverpool says it has agreed to sell the club to the owners of the Boston Red Sox , pending settlement of a board dispute. Club chairman Martin Broughton announced the sale Wednesday on the Liverpool Football Club ... (Source: ESPN.com 2010-10-06T07:27:58Z)

3 highest-paid Giants could miss series

San Francisco Giants Manager Bruce Bochy set his rotation for the first three games of what should be a pitching-dominated NL Division Series against the Atlanta Braves. He'll send Tim Lincecum on Thursday against Derek Lowe, Matt Cain on Friday against ... (Source: San Jose Mercury News 2010-10-06T07:42:17Z)

Yum China Sales Strengthen, Rising Costs Loom

Worldwide operating profit grew 14% prior to foreign currency translation, including +23% in China, +16% in Yum Restaurants International ("YRI"), and a decline of 2% in the U.S. Worldwide system sales growth prior to foreign currency translation of 5% ... (Source: FLEXNEWS 2010-10-06T06:52:10Z)

Kremlin chief to court Algeria on Vimpelcom deal

MOSCOW, Oct 5 (Reuters) - Russian President Dmitry Medvedev faces an uphill battle on Wednesday when he tries to convince Algeria to approve the sale of its biggest mobile telephone operator and BP's Algerian assets to Russian companies. Medvedev's ability ... (Source: Reuters 2010-10-06T06:37:51Z)

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